Netflix to spend up to $8 billion on programming next year

Netflix and chill doesn't come cheap. The company said Monday that it will spend as much as $8 billion on shows and movies in 2018, up from $6 billion earmarked for content this year. The boost in spending comes at a time when tech giants like Apple (AAPL, Tech30), Amazon (AMZN, Tech30) and Facebook (FB, Tech30) are all using their sizable checkbooks to hunt for original shows and movies.
Read more: http://money.cnn.com/2017/10/16/technology/business/netflix-earnings/index.html?source=Snapzu